Vietnam Manufacturing PMI2012-2021 Data | 2022-2023 Forecast | Calendar

The IHS Markit Vietnam Manufacturing PMI dropped to 51.3 in January 2021 from 51.7 a month earlier, amid ongoing effects of the COVID-19 pandemic, with new orders increasing at a slower rate. At the same time, output, export sales, employment, and purchasing activity were broadly unchanged. Efforts to secure inputs were stymied by severe disruption to supply chains again, with delivery time lengthening the most in nearly a decade. Meanwhile, a lack of shipping containers and raw material shortages meant severe supply-chain disruption, which in turn contributed to the fastest rise in input costs since June 2018. Output prices, meantime, increased for the fifth successive month. Finally, sentiment dipped to a five-month low.

The IHS Markit Vietnam Manufacturing PMI went up to 51.7 in December 2020 from 49.9 a month earlier. The latest figure signaled a modest improvement in the sector, the third in the past four months, amid less disruption from the COVID-19 pandemic and improving weather conditions. Output returned to growth; new orders increased for the fourth successive month, and at a solid pace that was faster than that seen in November; and export orders rose for the first time in three months. Also, December saw employment rise modestly for the second time in three months, and buying activity returned to expansion. Suppliers' delivery times lengthened the most since April, amid supply shortages and particular issues importing materials. On the price front, input cost rose the most in 2-1/2 years, with output prices increased at the fastest rate since July 2018. Finally, confident remained upbeat.

The IHS Markit Vietnam Manufacturing PMI fell to 49.9 in November 2020 from 51.8 in October. This was the lowest reading in three months, due to stormy weather and associated flooding, with COVID-19 remaining a hindrance to the sector. Output decreased slightly, ending a two-month sequence of growth, while firms scaled back their employment and purchasing activity. Meantime, new orders rose fractionally. At the same time, suppliers' lead times lengthened for the 12th month in a row and to the greatest extent since August.On the price front, input cost increased sharply, and at the fastest pace since August 2018. The rise in charges, meanwhile, was the most in two years. Lastly, sentiment improved to a 16-month high, on expectations that the pandemic would remain under control in Vietnam and cause less disruption globally.

The IHS Markit Vietnam Manufacturing PMI fell to 51.8 in October 2020 from a 14-month high of 52.2 in September, but still signalling an improvement in the health of the sector as COVID-19 in the country remained under control. New orders increased solidly for the second month running, subsequently feeding through to a similarly-paced increase in production. New export orders were unchanged amid some demand weakness in markets where the virus continues to cause problems, notably in Europe. Meantime, employment grew for the first time since January, though at only a marginal pace amid ongoing signs of spare capacity, with backlogs of work continuing to drop. Prices data showed input cost rose the most since August 2018. Meanwhile, selling prices rose for the second consecutive month but only marginally, amid requests for discounts by clients and competitive pressures. Lastly, sentiment was slightly lower than in September and weaker than the series average.